© Reuters. EU leaders summit in Brussels BRUSSELS (Reuters) – Italian Prime Minister Giuseppe Conte said on Thursday European Union’s fiscal rules should be revised and focus on growth rather than on financial stability. “We have a stability and growth pact that focuses on stability and not on growth. WeRead More →
U.S. stock benchmarks on Tuesday enjoyed a nearly unfettered run-up toward records on the back of hope that central banks here and abroad will ease monetary policy soon. Gains on the day have put the Dow Jones Industrial Average DJIA, +1.35% in position to ring up its best June gainRead More →
Homo sapiens are unique in our ability unlock the secrets of nature, build great civilizations and create technological wonders and radically alter the environment—not always for the better. Harnessing fossil fuels accelerated our ascent but, according to scientists, diplomats and the architects of the 2016 Paris Agreement, we must curbRead More →
SAN JOSE, Calif. — Chuck Robbins minces no words in describing how he took the baton from Silicon Valley legend John Chambers and began to radically remake Cisco Systems Inc. “The last quarter before I took over was a record for revenue, but I said we were going to changeRead More →
Not too long ago, Americans worshipped Silicon Valley, technology companies, and their brilliant, driven founders. That love affair with tech propelled the Nasdaq Composite index COMP, -0.45% 511% higher (through Wednesday’s close) since the beginning of the bull market in March 2009, way outpacing the S&P 500’s SPX, -0.28% 322%Read More →
The Trump administration is weighing the nomination of Judy Shelton, U.S. director for The European Bank for Reconstruction and Development, to fill one of two vacancies on the Federal Reserve’s Board of Governors, according to a Bloomberg News, which cited people familiar with the White House’s thinking. The Bloomberg reportRead More →
Rising U.S.-China trade tensions rattled global markets this week, and prompted one major wealth manager to make a shift in its U.S. portfolios in a bid to reduce risk exposure. In a late Thursday note, Mark Haefele, chief investment officer for UBS Global Wealth Management, said the firm was droppingRead More →
© Reuters. An Exxon gas station is seen in Houston (Reuters) – Two Exxon Mobil Corp (NYSE:) shareholders said on Friday they would withhold their support for the re-election of all ExxonMobil directors at the company’s annual meeting due to the U.S. oil major’s “inadequate response” to climate change. TheRead More →
Twitter has become an outrage machine, and needs a major overhaul in how it works, Chief Executive Jack Dorsey said Tuesday. Faced with criticism that Twitter TWTR, -0.72% incentivizes bad behavior, and doesn’t do enough to protect its users from threats and abuse, Dorsey said at a TED TalkRead More →
© Reuters. A model aircraft is displayed at the reception of the China Aircraft Leasing Group office in Hong Kong SHANGHAI (Reuters) – China Aircraft Leasing Group Holdings Ltd (CALC) on Tuesday said it has not put its order for 100 Boeing (NYSE:) Co 737 MAX jets on hold, rebuttingRead More →
When women entrepreneurs and women-owned businesses seek funding to grow their business, the statistics aren’t pretty. Just 2.2% of all venture capital in the U.S. goes to companies founded solely by women. In addition, companies with all-male founders receive funding after their first round close to 35% of the time.Read More →
Don’t miss these top money and investing features: This week’s best ideas and information to help your investment decisions include climate-proofing your portfolio, gaining perspective on long-term market performance, the value and role of holding gold, and whether adding utility stocks to your holdings is a timely move. — JonathanRead More →
© Reuters. A logo of Mitsubishi Electric Corp is pictured at the CEATEC JAPAN 2017 in Chiba By Alister Doyle OSLO (Reuters) – Apple (NASDAQ:), L’Oreal and Mitsubishi Electric are among more than 120 global firms which scored top marks in a ranking of corporate efforts to slow climate change.Read More →
